Profitability and Product Quality

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Excerpt from Profitability and Product Quality: Economic Determinants of Airline Safety Performance Despite an extensive theoretical literature on product quality choice, there have been few empirical tests of the determinants of firms' quality decisions. This study uses data on the airline industry to investigate financial influences on product safety. Data on 35 large scheduled passenger airlines over the 1957 through 1986 period are used to estimate the effect of profitability and other aspects of financial health on accident and incident rates, controlling for operating characteristics that may exert independent effects on safety levels. The results from a broad range of statistical specifications suggest that lower profitability is correlated with higher acci dent and incident rates, particularly for smaller carriers in the sample. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.